So long Emigrant Direct, it’s been nice.

I began pulling all my money out of Emigrant Direct and Dollar Savings Direct (effectively one in the same).  I rode the eroding interest rates down hill, although their current rates are still slightly better than I can get just about anywhere else.

The real deterrent was the fact that I couldn’t add my new USAA Savings account as an approved funding account without filling out paper work and sending in a voided check.

In my opinion there is no reason for this.  I was able to set up my Bank of America funding account electronically with no hassles other than waiting for verification of the account.  To require paper forms and a voided check for additional accounts seems illogical and unnecessary.

So I’ve pulled all the money out of both accounts and will dump it back into my USAA savings.  From there I may move it around to take advantage of increasing interest rates in the future, or may buy some short term CD’s.

Banking Dollar Savings Direct, Emigrant Direct, savings, USAA